Madison County MT
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 512
Total Mortgage Loan Application Amount $271,486,000
Average Mortgage Loan Application Amount $530,000
Highest Mortgage Loan Application Amount $20,080,000
Average Applicant Income $227,000
Highest Applicant Income $6,501,000
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Mortgage Loan Application Detail Totals for Madison County MT in 2016

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 258 $145,777,000 $565,000 $20,080,000 $240,000 $6,501,000
Home Purchase 238 $111,735,000 $469,000 $8,400,000 $203,000 $4,149,000
Home Improvement 16 $13,974,000 $873,000 $9,360,000 $375,000 $4,481,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 355 $125,807,000 $354,000 $4,745,000 $251,000 $6,501,000
Not applicable 90 $102,003,000 $1,133,000 $20,080,000 $33,000 $491,000
Not Provided 53 $35,460,000 $669,000 $4,000,000 $399,000 $4,149,000
Hispanic 7 $1,810,000 $258,000 $512,000 $110,000 $271,000
American Indian or Alaskan Native 5 $989,000 $197,000 $578,000 $38,000 $65,000
Asian 2 $5,417,000 $2,708,000 $5,000,000 $1,049,000 $1,940,000
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 405 $250,043,000 $617,000 $20,080,000 $276,000 $6,501,000
VA-guaranteed (Veterans Administration) 52 $11,860,000 $228,000 $578,000 $50,000 $170,000
FHA-insured (Federal Housing Administration) 36 $6,453,000 $179,000 $265,000 $33,000 $112,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 19 $3,130,000 $164,000 $237,000 $29,000 $60,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 252 $182,499,000 $724,000 $20,080,000 $306,000 $6,501,000
Loan Purchased By The Institution 86 $19,736,000 $229,000 $2,100,000 $56,000 $531,000
Application Denied By Financial Institution 74 $27,623,000 $373,000 $8,400,000 $179,000 $3,760,000
Application Withdrawn By Applicant 60 $30,854,000 $514,000 $5,000,000 $233,000 $2,506,000
Application Approved But Not Accepted 23 $6,986,000 $303,000 $1,786,000 $145,000 $749,000
File Closed For Incompleteness 17 $3,788,000 $222,000 $740,000 $218,000 $2,150,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Debt-To-Income Ratio 12 $3,589,000 $299,000 $653,000 $78,000 $243,000
Collateral 10 $11,155,000 $1,115,000 $8,400,000 $274,000 $1,909,000
Credit Application Incomplete 6 $1,075,000 $179,000 $272,000 $77,000 $192,000
Credit History 3 $480,000 $160,000 $220,000 $83,000 $130,000
Unverifiable Information 3 $996,000 $332,000 $439,000 $86,000 $170,000
Employment History 3 $624,000 $208,000 $237,000 $57,000 $96,000
Other 2 $492,000 $246,000 $417,000 $102,000 $124,000
Insufficient Cash (Downpayment, Closing Cost) 1 $454,000 $454,000 $454,000 $437,000 $437,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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